Bloomberg briefing

Updated 6:03 pm, Wednesday, July 9, 2014

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Number of the day

More than $6,000

That's how much Silicon Valley companies are prepared to pay summer engineering interns each month, and that's in addition to free housing and transportation. The salary compares with the average monthly income for American households of $4,280, according to the Census Bureau. Landing top talent is getting so tough that tech outfits are trying anything for an edge - including hiring interns straight out of high school.

Hear here

"We'll release the information at some point. We are more focused on actions."

Tim Cook, CEO of Apple, on its plan to eventually release data on the diversity of its workforce, following tech companies like Google, Facebook and LinkedIn. Silicon Valley is facing criticism for its lack of diversity among employees, particularly women and minorities. A shareholder group has pressed Apple to broaden its board, which has only one woman. Facebook and Twitter were knocked before their IPOs for having no female directors.

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